Optimism Coin (OP) carries a variety of price predictions for 2025, 2026, 2027, and onwards to 2030, but recently plummeted by 30% as a wider market downturn impacted Layer-2 solutions. Despite some fears, the coin is positioned for long-term recovery with a shrewd reversal pattern showing on the chart and signals from its Elliott Wave Structure. Market sentiment suggests potential targets of $1.50, $3, and eventually back to its previous gains. Recent events, such as launch of the RLUSD Stablecoin going multichain and effectiveness of the house passing a key stablecoin legislation are building confidence among traders. Top firms like Citigroup maintain interest in Digital Asset Stocks with Circle as a prime choice. Adding to this, features such as
Flashbots integration to supercharge
OP Stack Sequencing stamp novel improvements for the project. However, heavy sell pressure and escalating volatility hint at challenges ahead. With dipping prices, OP presently looks at a possible bounce from the $0.50 support zone and traders eye a price breakout above $0.47. Optimism stands poised to reclaim its 200% gains, despite dropping below a 20-month low. A noteworthy rise in trading volume following an Upbit listing and strong formations on charts point to possible recovery and increase in price.
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